Choose a fixed rate home loan if you want the security of knowing your interest rate wont change over the fixed period you select. It does depend upon the bank but you can have a choice of either 1,2,3,4,5,7,10 or 15 year terms.
 
Fixed Rate ‘Lock In'

The fixed rate may vary between the time of application and draw-down, which can be up to a few weeks or even months. As with all fixed rates, the rate applicable to your loan will be the current rate at the time of draw-down. Hence this option lets you lock your interest rate into the rate at the time of the loan approval, or within 90 days of approval to protect yourself against an upward rate movement.


Interest rates are still on the rise, so give us a call to discuss refinancing to a fixed rate while you still can! Call 1300 123 133